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Sirit, eriginate(TM) Partner on UHF Livestock Tracking Solution

^{Published on 2009-06-02 05:38:02, Last Modified on 2009-06-02 05:39:58 - Market Wire}
 

 System provides superior performance for cattle traceability TORONTO, June 2 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a global provider of radio frequency identification ("RFID") technology, today announced its partnership with eriginate Corporation, a subsidiary of HerdStar(TM), LLC and a global integrator of track, trace and monitoring solutions to the livestock food industry. eriginate will utilize Sirit's RFID tag and reader technology to support its comprehensive solutions developed for the livestock food market. eriginate's eTattoo(TM) system is one of the first commercially available UHF cattle solutions, incorporating a customized Sirit UHF inlay embedded into a livestock ear tag and Sirit's IDentity(TM) 5100 reader. The system, developed with livestock owners, was designed specifically to meet the rugged demands associated with the beef and dairy industries. The eTattoo solution offers a number of benefits over traditional tracking systems: tags provide both a visual and electronic identification in a single tag; read ranges can be focused or adjusted between 2 and 50 feet; and, tags can be read from either the front or back of an animal. In addition, multiple tags can be read simultaneously without system lockups and many of the delays associated with low frequency systems. "A key component of the eriginate system is the fact that little or no infrastructure changes are required for installation," said Doran Junek, CEO of eriginate. "This, along with the variable read ranges, enables the Sirit and eriginate system to very quickly and easily solve challenges that the livestock market has struggled with historically." "Food safety in the supply chain is an important initiative," stated Norbert Dawalibi, CEO for Sirit. "Sirit is excited to have its inlays and readers form part of this unique solution which helps ensure safer products for consumers as well as assists producers and processers improve their operational efficiencies." eriginate and its key technology provider Sirit, have been field testing the eTattoo ear tag and the IDentity 5100 reader system for the last 18 months and systems are currently being implemented in the United States, Brazil and Taiwan. The eTattoo system and Sirit components are available for immediate delivery. About Sirit Inc. Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 15 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit [ www.sirit.com ]. About eriginate Corporation eriginate, a Minnesota Corporation, was formed in 2006 to provide an elegant and easy to use end-to-end solution to the different segments of the US and International livestock industry for tracking, tracing and managing animals from birth to the abattoir. eriginate(TM) is a subsidiary of HerdStar(TM), LLC ([ www.herdstar.com ]), which has been producing tracing, tracking, and monitoring solutions to the livestock food industry since 2002.[ www.eriginate.com ]. Cautionary Note Regarding Forward-Looking Statements Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian provincial securities legislation. These forward-looking statements relate to, among other things, Sirit's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "suspect", "outlook", "expect", "intend", "estimate", "anticipate", "believe", "plan", "forecast", "objective" and "continue" (or the negative thereof) and words and expressions of similar import, and may include statements concerning possible or assumed future results, financial outlook and/or future-oriented financial information. Although Sirit believes that the expectations reflected in such forward-looking statements are reasonable, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Sirit to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Sirit's business. Important factors that could cause actual results to differ materially from expectations include but are not limited to: Sirit's ability to achieve commercialization and/or commercial acceptance of its RFID technology; the evolution of, and adoption rate in, the RFID market; Sirit's inability to expand sales both within and outside its traditional markets; changes in Sirit's strategic relationships; Sirit's dependence on resellers, distributors and significant customers; the utility of research and development expenditures undertaken by Sirit; product defects; increased levels of competition; changes in laws and regulations; foreign exchange fluctuations; and Sirit's overall liquidity and capital resources. These and other important risks are discussed in further detail in the section entitled "Risks Factors" in Sirit's Annual Information Form dated March 13, 2009 and in Sirit's management's discussion and analysis found in its 2008 annual report as filed with the securities regulatory authorities in Canada via SEDAR. Although Sirit has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Unless otherwise required by law, Sirit does not undertake any obligation to update any forward-looking statements contained in this news release as a result of new information, further events or otherwise. This cautionary statement expressly qualifies the forward-looking information in this news release. "Sirit", the Sirit Design and "vision beyond sight" are all trademarks of Sirit Inc. All other names of actual companies and products mentioned herein may be the trademarks of their respective owners. 

For further information: Tawnya Clark, Sirit Inc., (619) 393-2645, [ tclark@sirit.com ]